A checking account is an essential financial tool that 80% of U.S. households use to manage their money. It is a great way to deposit your paycheck, pay for bills, and keep your cash safe and sound. Unfortunately the actions of a few mega banks has cast a negative image on the banking industry as
As a local financial institution in an increasingly competitive industry how are you growing new account relationships? Mega sized financial institutions continue to show a lack of appreciation for their customers through unfair behavior and sneaky sales tactics. You should be taking advantage of the opportunity to send a different message. Less than 25% of
Unfortunately about half of all banks in the U.S. still arrange your checking account transactions to raise the total amount of an overdraft fee. Knowledge of this unfair practice made by banks has come under heavy criticism, but may not change anytime soon. Sometimes the only thing a consumer can do to avoid unfair fee
Rapidly changing technology has had an impact on where we choose to keep our money. For some consumers technology can determine where they open their next checking account, but it’s not the only factor. For millennials creating a personal relationship with their bank seems to be irrelevant, but cost of fees is important. A recent
Online technology has changed the way we manage our money. Almost all banks offer free services like online banking, online bill pay, and a mobile app. These services are great for keeping track of daily spending. Cool tech shouldn’t be the only factor involved when choosing a financial institution. It’s also important to pay attention
If your checking account is getting too costly thanks to unwanted fees you should consider switching to a new financial institution. There are plenty of options out there when it comes to opening a new account, but don’t let that overwhelm you. Choosing a new checking account that fits your financial needs is important to
Paying for fees is hated by consumers and becoming increasingly harder to avoid. That’s because applying them has become second nature for businesses in many different industries. We are paying for airline fees, credit card fees, mobile data fees, cable fees, and of course checking fees that add up to billions of dollars each year.
If you’ve ever overdrawn your checking account you know how costly it can be. Considering the average cost of an overdraft fee is now around $35 according to bankrate you can see why many consumers hate this fee. An overdraft occurs when you use a debit card, write a check, or other form an electronic
There are rumblings in the world of money that the Federal Reserve will be increasing rates in 2017. If you have a suitcase full of cash under your bed this news is good for you. But if you’re like the majority of Americans that have little to zero in savings this news doesn’t change much.
When it comes to choosing the right bank there is no such thing as one-size-fits-all. Consumers that prefer more personal attention will choose to keep their money with a local bank. Other consumers like the benefits that large national banks have to offer. The one thing that all consumers agree on though is their hatred
